German Exports Unexpectedly Increase Amid Debt Crisis
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German exports unexpectedly rose in July, helping Europe’s largest economy to weather the region’s debt crisis.
Exports, adjusted for work days and seasonal changes, increased 0.5 percent from June, when they fell 1.4 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a 0.5 percent decline, according to the median of 12 estimates in a Bloomberg News survey. Imports gained 0.9 percent from June.